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PRESS DIGEST-Canada - Oct. 29

Published 2020-10-29, 08:03 a/m
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Oct 29 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

THE GLOBE AND MAIL

** Canada's Finance Minister Chrystia Freeland says the federal government's recovery plan will deal with the debt and deficits built up during the COVID-19 pandemic, but also warned that it is too soon to scale back emergency spending. https://tgam.ca/3myZkAg

** Vancouver's BBTV Holdings Inc BBTV.TO , the parent of online video platform BroadbandTV, started roughly on the Toronto Stock Exchange on Wednesday, as it traded down all day and closed at $15, a 6.3% off its $16 issue price, as stocks fell broadly on North American markets. BBTV raised $172.4 million in the IPO. https://tgam.ca/35O1NQR

** Oricia Smith, senior managing director at SLC Management, has been named interim president of Sun Life's mutual-fund division, Sun Life Global Investments (SLGI). Smith, who was working at the insurer's global institutional asset-management company, was appointed this week and also took on the role of senior vice-president of investment solutions at Sun Life Canada. https://tgam.ca/3mB5Feq

NATIONAL POST

** The Bank of Canada is setting up to run a high-pressure economy until at least 2023, that will require lots of tinkering along the way. Policy-makers reiterated their commitment to ultra-low interest rates for an unusually long period this week, but added some tweaks as the central bank's staff produced outlook suggests that it will be coping with the legacy of the COVID-19 crisis for years. https:// The head of the Business Council of Canada, which represents some of the country's largest businesses, sent a letter to Prime Minister Justin Trudeau on Wednesday urging his government to provide direct aid to distressed sectors including airlines, while establishing a clear "fiscal anchor" to impose discipline on budgetary decisions and help maintain credibility with credit-rating agencies. https:// Michael Medline the chief executive of Canada's second-largest supermarket chain, Empire Co Ltd EMPa.TO — which owns Sobeys, Safeway and FreshCo — criticized two of his chief competitors, Walmart (NYSE:WMT) Canada WMT.N and Loblaw Cos Ltd L.TO on Wednesday for foisting a set of "repugnant" new fees on suppliers and is now open to imposing a code of conduct in the industry. https://

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